Key Points
- Director John Michael Beck sold 20,000 Aecon Group shares on May 13 at C$49.77 each, a transaction worth about C$995,400. After the sale, he still held 201,417 shares, trimming his stake by 9.03%.
- Aecon shares were up 1.9% in Friday trading, opening at C$50.73. The stock has risen well above its 50-day and 200-day moving averages, though it remains far below its 52-week high of C$57.72.
- Analysts remain mixed on the stock: the consensus rating is Hold, with a consensus price target of C$52.29. Recent price target changes were mostly upward, including a notable boost from National Bank Financial to C$59.00.
Aecon Group Inc. (TSE:ARE - Get Free Report) Director John Michael Beck sold 20,000 shares of the business's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the sale, the director owned 201,417 shares of the company's stock, valued at approximately C$10,024,524.09. This represents a 9.03% decrease in their position.
Aecon Group Trading Up 1.9%
TSE ARE opened at C$50.73 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. The firm has a market cap of C$3.47 billion, a PE ratio of 92.24, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a 50 day moving average price of C$45.46 and a 200 day moving average price of C$36.80. Aecon Group Inc. has a 52 week low of C$17.06 and a 52 week high of C$57.72.
Aecon Group (TSE:ARE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. The firm had revenue of C$1.26 billion for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. As a group, sell-side analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current fiscal year.
Aecon Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group's payout ratio is currently 138.64%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on ARE. Stifel Nicolaus dropped their price objective on shares of Aecon Group from C$46.00 to C$44.50 and set a "hold" rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of Aecon Group from C$44.00 to C$49.00 and gave the company a "sector perform" rating in a report on Thursday, April 30th. National Bank Financial upped their price objective on shares of Aecon Group from C$48.00 to C$59.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. ATB Cormark Capital Markets upped their price objective on shares of Aecon Group from C$42.00 to C$49.00 and gave the company a "sector perform" rating in a report on Thursday, April 30th. Finally, Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$52.00 to C$56.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$52.29.
Read Our Latest Stock Analysis on Aecon Group
Aecon Group Company Profile
(
Get Free Report)
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
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